Ark-LA-Tex

As of December 31, 2008, the Ark-La-Tex Area accounted for 3% of our proved reserves and 2% of our PV-10 value. We own an interest in 104 wells in the Ark-La-Tex Area, of which we operate 52. These reserves are characterized by shorter life and higher initial potential. Most of our activity is centered in the Jewitt Field where we are participating with another party and drilled 16 wells in 2008.

Ark-La-Tex
Proved Reserves
Oil (MMbl)		712
Natural gas (MMcf)		15,828
Total (MMcfe)		20,100
PV-10 value ($mm)		$ 18.4
Average daily production (MMcfe)		4.8
Drilling locations
Identified proved undeveloped drilling locations		7
Identified other potential drilling locations		17
Well count
Gross wells		104
Net wells		47
Operated wells		52
	Gross	Net
Developed	26,920	14,772